Home World News Australia Aussie Daily Energy firms reap windfall as conflict fuels oil price surge
Aussie Daily

Energy firms reap windfall as conflict fuels oil price surge

Energy firms reap windfall as conflict fuels oil price surge thumbnail

NEW YORK CITY, NEW YORK: Major U.S. oil companies reported soaring second-quarter profits as months of conflict involving Iran disrupted global energy supplies, pushed crude prices above $100 a barrel for much of the quarter and drove up fuel costs for consumers worldwide.

The fighting, now in its sixth month, has severely reduced shipping through the Strait of Hormuz, a key route that previously carried about o

Read More

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Bill Cassidy on vaccines, RFK Jr. and the fight for public trust

AUSSIE DAILY provides reliable, free, up-to-the-minute news to any media publication. AUSSIE...

‘We told you so’: Key New York lawmaker calls for more AI rules

AI BILLS BILLS BILLS: One of the architects of New York’s pioneering...

Democratic advisers are warning their candidates not to go too hard at AI

Democratic consultants are privately encouraging their battleground candidates to avoid talking about...

Let’s beat California on AI, key Democrat says

SESSION LESSON: Assemblymember Alex Bores would really like to take another swing...